The Latest Breaking News from Resolute

Through its wholly-owned subsidiary Domtar Corporation, the Paper Excellence Group has agreed to acquire Resolute Forest Products Inc (NYSE:RFP). Fairfax Financial Holdings Limited, a significant stockholder of Resolute with a 40% stake, has supported the acquisition. The transaction brings complementary capabilities in lumber and pulp to Paper Excellence. Resolute will become a wholly-owned subsidiary of…

Resolute Forest Products (NYSE:RFP) (TSX:RFP) reported first-quarter FY22 sales growth of 8.3% year-on-year to $945 million, missing the consensus of $1.27 billion. Adjusted EPS of $2.26 missed the analyst consensus of $2.48. Selling, general and administrative expenses fell 21.7% Y/Y to $36 million. The operating margin was 24.8%, and operating income for the…

A year ago, she managed more than $60bn. Now she faces the toughest battle of her career

Louisiana-Pacific Corp (NYSE:LPX) (LP Building Solutions) declared a 22% increase in its quarterly cash dividend to $0.22 per share, up from its previous $0.18 per share dividend. The dividend is payable on March 14, 2022, to shareholders of record as of February 28, 2022. Also read: Resolute Strengthens Wood Products Business Via I-Joist Partnership…